Officials said that SpeechOne API allows people to verbally communicate with digital devices that don't have microphones. It enables accurate voice recognition, transcription and translation on any device, in real-time.

The new API is now available for white labeling and is also featured in Remote Mic, a feature new to SpeechTrans Ultimate for Windows 8.1.

SpeechOne API can handle conversations of varied lengths in 44 different languages. It has the ability to recognize voice commands via a smartphone or other device with a microphone and then transfer information to other digital devices via the cloud.

Companies, with the help of the new API can develop 'Smart Homes' in which a smartphone or tablet can control lighting, ovens, microwaves and other appliances all by voice command.

"The API technology actually comes from SpeechTrans Ultimate for Hearing Impaired, which allows the hearing impaired to make phone calls without assistance from a human operator," explained Yan Auerbach, COO of SpeechTrans, in a press statement.

He further added: "In conversation with our partners at Microsoft (News - Alert), we realized the base technology could be used for an extraordinary range of applications as an API. Now, our partners are discovering uses for it that we never considered. The most advanced applications could transform the way we interact with everything from cars, airplanes and industrial equipment to home appliances, vending machines and much more."

Optimized for use with the SpeechTrans Bluetooth Wristband Watch, the SpeechOne API, in the near future will allow users to submit speech-to-text translations for review by a human interpreter for a low cost, guaranteeing 100 percent accuracy.